- Robert Kiyosaki recently advised market participants to buy Gold, Silver and Bitcoin.
- A group of FTX investors recently slapped YouTubers with a $1 billion lawsuit for promoting the now-defunct exchange.
- FTX investors alleged that internet influencers pushed unregistered securities on viewers and are seeking damages in a class action lawsuit.
Robert Kiyosaki, crypto influencer and the author of the book Rich Dad, Poor Dad recently advised traders to buy Gold, Silver and Bitcoin. Kiyosaki’s tweet comes at a time when YouTubers and crypto influencers have been hit by a class action lawsuit for promoting unregistered securities.
Also read: Will Cardano network activity by ADA whales fuel a price rally in the Ethereum-killer?
Robert Kiyosaki advocates purchase of Gold, Silver and Bitcoin
Robert Kiyosaki, one of America’s leading influencers, commented on the recent collapse of Silicon Valley Bank. The Rich Dad Poor Dad author recommended that market participants buy Gold, Silver and Bitcoin amidst the ongoing uncertainty.
SILICON Valley Bank -SILVERGATE Bank-SIGNATURE Bank. They went WOKE and went BROKE. Crash and Crisis just starting. Pensions, IRAs, 401ks went WOKE going broke. Buy more G,S, BC. TAKE CARE.
— Robert Kiyosaki (@theRealKiyosaki) March 15, 2023
Kiyosaki’s advocacy for Bitcoin comes at a time when YouTubers and crypto influencers are facing flak for their promotion of defunct-exchange FTX’s unregistered securities. FTX’s investors recently grouped together to file a class action lawsuit against BitBoy crypto creator Ben Armstrong and Graham Stephen alongside other individuals and talent management firm Creators Agency.
Class action lawsuit filed by FTX investors
The lawsuit seeks over $1 billion in damages and accuses the creators of promoting the sale of unregistered securities. FTX exchange is now defunct after its collapse in November 2022, while investors are left scrambling to recover their funds from the platform.
Armstrong argued that he never received payment from FTX exchange and plans on countersuing. The creator of BitBoy says that the allegations against him are 100% false and it will be extremely easy to provide evidence of the same.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Ethereum supply shrinks by 70,000 ETH. Will Ethereum price hit $2,000?
Ethereum transition from Proof-of-Work to Proof-of-Stake (PoS) was the last major upgrade to the altcoin’s blockchain and the Shanghai hard fork is the next one. The shift to PoS purged 70,000 ETH tokens from the altcoin’s circulating supply.
Decentraland Price Forecast: What to expect from MANA as Metaverse Fashion Week kicks off
Decentraland price (MANA) has identified critical support on day one of the Metaverse Fashion Week. The token is trading horizontally on the four-hour timeframe as bulls push to break above a descending trendline.
Ethereum devs confirm withdrawals to begin on April 12; Here's what to expect from ETH price
Ethereum is on the verge of bringing about one of the biggest upgrades to the blockchain since the Merge. The arrival of withdrawals has been anticipated for a long time now, however, it may not be as lucrative for Ethereum price as one might expect.
Ripple holders' profit taking hits a 19-month high as XRP price shoots up by 42%
XRP price has performed beyond expectations and has marked a multi-month high, restoring confidence in its investors. These holders have also made the most of the situation and turned to sell, which could backfire on the price action soon.
Bitcoin: Should you trust this BTC sell signal or wait for $34,000?
Bitcoin price shows a clear picture of its rally after it breached a long-term bullish pattern in mid-January. As the rally takes a breather, sell signs have started to emerge, which is putting investors in a confused state.